12 December 2021
Directors personal liability should not be a problem for company directors, but recent changes in the law have changed that.
Company directors have protection by the limited liability status of their company. Recovery powers granted to HMRC in the Finance Act 2020 can mean that directors could face a personal liability for tax debts of the company in the event of insolvency.
This change has potentially huge ramifications for directors if they intend to go through an insolvency process due to the tax arrears of their company.
5 August 2018
If you form a limited company there are many responsibilities as a director. One of these is about accounting and one is about transparency of your address. All company directors need to report certain addresses to Companies House, and these will appear on the public record.
8 November 2015
It is possible for an individual to be disqualified as a director of any limited company. This can arise where the company has been badly mismanaged; where someone has continued to trade and lose money for their creditors, when they should have taken professional advice.
3 August 2015
An annual return is a snapshot of certain company information at the made-up date. It is a separate document from a company’s annual accounts.